--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates


Hot Links
China Development Gateway
Chinese Embassies

Over 700 Shanghainese Blacklisted
More than 700 local people have been blacklisted for failing to repay their loans or public utility charges, the Youth Post reported today.

People that do not repay bank loans or public utility charges on time will be rated accordingly in their personal credit records, with the debut of the nation's first personal credit grading system in Shanghai.

Customers' current performance is very likely to become part of their credit records in the future, said a spokesman with the Shanghai Credit Information Service Co. Ltd., surnamed Yu.

More than 700 local people with more than 60 days of bank debts were graded H and I in their credit records, indicating they are undesirable as clients of banks, Yu said.

The personal credit information database covers the credit business and credit card consumption of 2.9 million city residents over a two-year period at least, Yu said.

"This information data has already been accessible to Shanghai branches of the Industrial and Commercial Bank of China (ICBC) and the China Construction Bank (CBC), regarded as one of the most important references for banks to extend loans," Yu said.

(eastday.com December 6, 2002)

First Personal Credit File System Established for Freshmen
Towards a National Credit System
Shanghai Ushers in Credit System
Shanghai Municipality
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688